Author: IA PressRoom

© Reuters. FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger DUBAI/LONDON (Reuters) -OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source on Wednesday.     Ministers from the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+ that includes top producers Saudi Arabia and Russia, are scheduled to gather on Saturday and…

The cryptocurrency market has been affected this week by uncertainty surrounding the U.S. debt ceiling vote and potential interest rate hikes.While legislation to raise the debt ceiling and cut government spending was introduced in the House of Representatives on Tuesday, the market remains on edge due to the bill’s unclear fate until it is voted upon.In light of the growing concerns regarding this macroeconomic development, what are the best cryptos to buy now?The debt ceiling vote and the prospect of Fed rate hikes led to a downturn in the cryptocurrency market today.The leading cryptocurrencies, Bitcoin and Ethereum, are declining as…

The LatestMembers of a NASA task force that studies unidentified anomalous phenomena said on Wednesday that they were pushing the government to collect better data to try to find answers for unexplained events that have captured the public’s imagination.A Pentagon official speaking at the meeting said the Defense Department is examining more than 800 cases from the past 27 years, but only 2 to 5 percent of those incidents are considered truly unexplained. The numbers are an increase from 2022 and represent new information that the Federal Aviation Administration has given to the Pentagon as well as an uptick in…

The Dow Jones Industrial Average, which was the only one of the Big 3 stock-market trackers to have a losing May, suffered its worst month in terms of daily gains in 11 years. The Dow DJIA lost 1,189.89 points, or 3.49%, in May. That’s not particularly a bad month, as it was the smallest decline during months the Dow lost ground since it slipped 3.32% in January 2022. In between, the Dow declined in seven of 15 months, with an average loss of 5.20%. In…

Democratic Sen. Joe Manchin said he supports the GOP-led bill to overturn student-debt relief. The Senate is expected to take a final vote on the legislation on Thursday. The House passed the bill last week with bipartisan support. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Democratic Sen. Joe Manchin will join Republicans in voting on a bill to overturn President Joe Biden’s student-debt relief plan.On Wednesday, the Senate voted to advance a GOP-led bill that would overturn Biden’s plan to cancel up to…

Shares of petcare retailer Chewy surged as much as 13 per cent after it posted a surprise profit and a strong full-year outlook.The company earned $22.2mn in net income, a 20 per cent year-on-year increase and a shock to analysts, who expected a loss of $10.6mn. Its $2.78bn in sales was a 14 per cent improvement compared with the same quarter last year.A 0.9 per cent dip in active customers to 20.4mn was more than offset by a nearly 15 per cent increase in sales per active customer.Chewy, which will begin its international expansion in Canada next quarter, forecast full-year…

© Reuters. FILE PHOTO: U.S. Trade Representative Katherine Tai speaks in Brasilia, Brazil March 8, 2023. REUTERS/Adriano Machado By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedom of association and collective bargaining, the office of U.S. Trade Representative Katherine Tai said on Wednesday. Since the U.S.-Mexico-Canada agreement on trade, known as the USMCA, took effect in 2020, USTR has launched a number of labor rights complaints against facilities in Mexico, including cases that have paved the…

© Reuters. FILE PHOTO: A logo is seen on the wheel of a Lucid Air Dream Edition parked at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) began trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New (Reuters) -Electric-vehicle maker Lucid Group Inc said on Wednesday it was raising about $3 billion from Saudi Arabia’s Public Investment Fund (PIF) and others. Shares of the company were down 7% in extended trading. In March, an entity related to PIF loaned Lucid about $266 million and roughly the same amount in April 2022,…

Florida Republican Gov. Ron DeSantis drew laughs from an audience in Iowa after hitting back against criticism from former President Trump on his record as Florida governor.”He used to say how great Florida was,” DeSantis told a reporter following a speech Tuesday night on the campaign trail in Iowa. “Hell, his whole family moved to Florida under my governorship. Are you kidding me?”The Florida Republican’s comments drew a loud laugh from the crowd.”Look, I’m going to respond to attacks,” DeSantis added.RON DESANTIS SAYS HUNTER BIDEN ‘WOULD HAVE BEEN IN JAIL YEARS AGO’ IF HE WERE A REPUBLICAN DeSantis responds to Trump…

Veeva Systems up 7% after hours on FY 2024 guidance boost, quarterly results